Concerns are growing that any economic recovery later this year could prove short-lived because of a deadly resurgence of the coronavirus and a spike in bankruptcies and defaults, a wicked combination that causes households and businesses that barely survived the spring lockdown to go under later in the year. White House officials have touted the possibility of a V-shaped recovery as soon as this summer, pining for a swift rebound once businesses reopen on a staggered basis. But some economists believe a W-shaped recovery is increasingly likely, in part because efforts to find a vaccine have proven elusive and millions of Americans and businesses are piling up debt without an easy ability to repay. “Pretending the world will return to normal in three months or six months is just wrong,” said Diane Swonk, […]